MHQ - Mortgage HeadQuarters

Are you tired of renting and are considering buying your first home? There are so many advantages to buying over renting, that much is for sure, but it's clearly not a decision you should make lightly. Our mortgage company at the Lake of the Ozarks wants to make sure you are prepared! Keep reading this week's blog for a few important actions to take prior to purchasing your first home. If you would like to sit down with one of our mortgage professionals at the Lake of the Ozarks and get a few questions you've really wanted to ask answered, please call MHQ - Mortgage Headquarters today. We can be reached at (573) 302-9990.  Important Actions To Take PRIOR To Purchasing Your First House MEET WITH AN EXPERIENCED MORTGAGE LENDER SO YOU CAN HAVE A FULL UNDERSTANDING OF HOW THE HOME LOAN PROCESS WORKS AHEAD OF TIME. This is a time when the Internet doesn’t have all the answers. The process varies for many reasons, including area and custom. Generally, purchases include: Offer,...

During this COVID-19 crisis, home loan rates have been at an all-time low. This may be motivating for you to buy your first house! If that's the case, we have a couple of pieces of advice for you: 1. Contact an EXPERIENCED mortgage lender at the Lake of the Ozarks today so you can find a home loan that meets you and your family's needs. 2. Keep reading this week's blog for a few tips you can use when buying your first home. If this is your first time buying a house, you likely have a lot of questions about the mortgage process. Please do not hesitate to call our knowledgeable Lake of the Ozarks mortgage lenders today. MHQ-Mortgage Headquarters can be reached at (573) 302-9990. The Buying Guide for First-Time Home Buyers GET PRE-APPROVED. This entails document verification, a credit check, and automated or actual underwriting. If all is in order, you will receive the equivalent of a loan commitment that's subject to a contract, appraisal and title work...

Whether you're  buying your first home  or needing to  refinance your current mortgage , you’re going to need the expertise of a mortgage professional on your side. We make obtaining a mortgage loan easy. With over 20 years in business, Mortgage Headquarters of Missouri, Inc has the knowledge to help you find the right loan for your needs. Take a look at the mortgage services we offer at MHQ! FHA Loans An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans. FHA loan programs are particularly beneficial to those buyers with less avail...

If you're in the market for a home, one very important factor you'll need to consider is how you're going to pay for said home. Choosing the right type of mortgage loan is one of the most important decisions you’ll make in the home-buying process. With so many different options out there, it can be hard to find an affordable home loan that meets your financial goals. That's why  MHQ - Mortgage Headquarters  is putting our 20+ years of experience to work for you to help you make an informed decision. Take a look at some of the  mortgage options  available to see what best fits your particular needs. Conventional Loan A conventional mortgage is a home loan that isn’t guaranteed or insured by the federal government and conforms to the loan limits set forth by Freddie Mac and Fannie Mae. You can get a conventional loan at a fixed or adjustable rate. Conventional loans also require a larger down payment, so those buyers tend to have a more secure financial st...

Whether you're  buying your first home  or needing to  refinance your current mortgage  to make some much needed upgrades to your home, there's probably going to be a time when you're going to have to consider mortgage lending options. Make no mistake, there's a lot involved when you get a mortgage. You wouldn't be looking up loan information if it were possible to get a loan in a single day with a simple application. But  Mortgage Headquarters of Missouri, Inc  does the heavy lifting so you can concentrate on your life rather than the mortgage loan. Take a look at the mortgage services we offer at MHQ! First Time Homebuyer Lending As a first time homebuyer, there may be several factors to getting a loan that you may not be aware of. There are some important steps to getting a mortgage loan: deciding on a maximum loan amount, pre-qualifying for a loan, applying for the loan, and getting funded. Because lender guidelines are fairly standard, we can g...

Buying a home is a huge financial investment. So much so, that oftentimes people think it's simply just easier and more cost effective to rent. Homeownership can be very rewarding if you are properly prepared, know what to expect, and make informed financial decisions. However, there’s more to comparing the costs of renting and owning than the dollar cost of payments. This week, we're sharing with you some common thoughts that renters often voice when speaking about renting vs. buying a home. “Investing in a home is riskier than renting.” No risk, no reward. Besides, even studies conducted by the Federal Reserve show that owning can provide a net worth that is from several to hundreds of times higher than that of renters. “Home values have dropped in recent years.” Which is one reason why ownership may now be less expensive than renting. As well, recent price trends in many areas have reversed, and values are once again on the rise. “The tax deductions aren’t wort...